China: Printing Ink Market 2025

Printing Ink Market Size in China

The Chinese printing ink market reached $X in 2022, rising by 1.8% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Printing Ink Production in China

In value terms, printing ink production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Printing Ink Exports

Exports from China

In 2022, shipments abroad of printing ink increased by 20% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, printing ink exports soared to $X in 2022. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Vietnam (X tons), India (X tons) and Indonesia (X tons) were the main destinations of printing ink exports from China, together comprising 31% of total exports. Russia, Pakistan, Myanmar, Nigeria, Egypt, the Philippines, Thailand, Malaysia, Bangladesh and the United Arab Emirates lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +30.3%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), India ($X) and Russia ($X) appeared to be the largest markets for printing ink exported from China worldwide, with a combined 31% share of total exports.

Among the main countries of destination, Russia, with a CAGR of +40.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average printing ink export price stood at $X per ton in 2022, picking up by 8.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Ink Imports

Imports into China

Printing ink imports into China contracted significantly to X tons in 2022, which is down by -17.2% against 2021 figures. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 3.2% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, printing ink imports fell to $X in 2022. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 12% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) constituted the largest printing ink supplier to China, with a 31% share of total imports. Moreover, printing ink imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Singapore (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-10.8% per year) and Singapore (+6.8% per year).

In value terms, Japan ($X) constituted the largest supplier of printing ink to China, comprising 46% of total imports. The second position in the ranking was held by South Korea ($X), with an 11% share of total imports. It was followed by Singapore, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.5% per year) and Singapore (+7.0% per year).

Import Prices by Country

The average printing ink import price stood at $X per ton in 2022, increasing by 2.9% against the previous year. Overall, the import price posted buoyant growth. The growth pace was the most rapid in 2020 when the average import price increased by 28%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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